Cash-Starved Postal Service May Close More Branches

The U.S. Postal Service, responding to a severe revenue shortfall, announced a comprehensive turnaround plan today that may mean a new wave of branch closures on top of 162 already being considered, higher prices and service cutbacks. The plan, which includes a proposed rate hike in 2011 and a move from six-day-a-week delivery to five-day delivery, aims to help the U.S.P.S. address a $238 billion projected shortfall over the next decade -- a decline caused in large part by plummeting mail...Full Story
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